"There was a better-than-expected durable goods report this
morning, and home sales were pretty solid, but overall, we are
simply seeing a nice continuation of the positive momentum that
began last week, after the Fed announced plans to taper," said
Schaeffer's Senior Equity Analyst Joe Bell, CMT. Against this
Dow Jones Industrial Average (DJI)
, S&P 500 Index (SPX), and Nasdaq Composite (COMP) finished the
abbreviated session with another round of technical milestones.
Continue reading for more on today's market, including
Dow Jones Industrial Average (DJI - 16,357.55)
spent yet another session north of breakeven, and tagged an
all-time intraday peak of 16,360.60 just ahead of the close. The
blue-chip index ended up finishing 62.9 points, or 0.4%, higher --
notching yet another record closing high (its 49th of the year).
The Dow's 26 advancers were led by E I Du Pont De Nemours And Co (
) -- which gained 1.7% -- while UnitedHealth Group Inc. (
) paced the three laggards with a drop of 0.3%. The Procter &
Gamble Company (
) remained unchanged.
S&P 500 Index (SPX - 1,833.32)
also ended the session in the green, up 5.3 points, or 0.3%, by
day's end -- notching an all-time intraday
closing high. Meanwhile, the
Nasdaq Composite (COMP - 4,155.42)
reached a 13-year intraday peak of 4,155.62, and advanced 6.5
points, or 0.2%, for the session.
CBOE Volatility Index (VIX - 12.48)
continued to trek lower, and shed 0.6 point, or 4.3%, on the
A Trader's Take
"It was a slow day as expected, with many market participants
out of the office or with one foot out the door for the Christmas
holiday," mused Bell. "With a lack of any major news, it was nice
to see the market stay the course, with most sectors finishing in
5 Items on Our Radar Today
- The Commerce Department said
durable goods orders
rose by 3.5% in November, besting consensus expectations for a
rise of just 2%. Stripping out transportation, orders climbed by
1.2% -- the biggest increase since May.
(Reuters via CNBC)
New home sales
dropped by 2.1% last month to a seasonally adjusted yearly pace
of 464,000, according to the Commerce Department. However, the
latest figure still exceeded the 440,000 forecasted by
- The Federal Housing Finance Agency's (FHFA)
house price index
edged up 0.5% in October, which fell in line with economists'
projections. On a year-over-year basis, prices surged 8.2%.
- Option bulls pounced on
Cisco Systems, Inc. (CSCO)
, despite the security's lackluster 2013 price action.
Oracle Corporation (
saw an unusual surge in call buying, as the stock touched a new
For a look at today's options movers and commodities
activity, head to page 2.
Crude futures were poised to finish today's session higher. At
last check, the February contract had added 29 cents, or 0.3%, at
$99.20 per barrel. Oil futures will stop trading at 1:30 p.m.
Meanwhile, gold futures settled higher at 12:30 p.m. ET, with
February-dated gold up $6.30, or 0.5%, at $1,203.30 an ounce.
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